Mexican Stock Exchange

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Illustration of Banxico's interest rate cut to 6.75% amid market declines, peso depreciation, surging oil prices, and Middle East tensions including US-Iran conflict and Strait of Hormuz closure.
Àwòrán tí AI ṣe

Banxico cuts interest rate to 6.75% despite inflation and Middle East tensions

Ti AI ṣe iroyin Àwòrán tí AI ṣe

Mexico's central bank cut its benchmark rate to 6.75% in a split decision, as global markets closed lower amid the US-Iran war. The BMV fell 1.65%, and the peso depreciated 1% against the dollar. Oil prices rose due to the Strait of Hormuz closure.

Major Wall Street indexes closed Tuesday in positive territory and completed a solid semester, while the Mexican peso and the Mexican Stock Exchange posted losses.

Ti AI ṣe iroyin

Wall Street markets closed higher on Thursday April 16, boosted by optimism over an Israel-Lebanon agreement ending the Middle East war, while Mexico's Bolsa Mexicana de Valores (BMV) fell 0.78%. The BMV's main IPC index settled at 69,095.02 points. The Mexican peso appreciated 0.05% against the dollar.

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